Osterweis Strategic IncomeOSTIX

Osterweis Strategic Income's fees are falling but still remain high.

This fund would be attractive at a lower price. Since it launched seven years ago, manager Carl Kaufman has put up decent absolute and relative returns with less volatility than the broad fixed-income market or typical multisector bond fund by focusing mostly on shorter-term, higher-yielding corporate and convertible bonds, as well as some floating-rate loans.  Read more 

Like its equity-focused sibling Osterweis, this independent-minded bond fund isn't constrained by benchmarks. Management invests mainly in a range of corporate securities, including straight bonds, convertibles, and floating-rate loans, and uses the same emphasis on company cash flows and growth prospects employed by the equity team to uncover mispriced survivors in the fixed-income realm.  Read more 

Carl Kaufman has run this fund since its launch in 2002. Before joining Osterweis Capital, Kaufman spent close to three decades working on the sell-side, mainly at Merrill Lynch where he specialized in convertibles and equity trading, and then at Robert Stephenson where he ran the firm's convertible desk.  Read more 

Like its equity-sibling Osterweis, this corporate-focused bond fund has an independent streak that defies classification. While a strong long-term record shows that this management team is on to something, costs need to come down.  Read more